Portfolio - Lexington, Columbia SC

Investor from New Braunfels, Texas

posted about 2 years ago

Hello BPers in Lexington And Columbia SC AREA.

Curious how the SFR rental market is there? I have the potential to purchase a portfolio of 6 (3 in Lex, 3 in Columbia). I own property in Charleston and Sumter. Thanks for any insight you can provide.

How is the Cross Hill and White Horse roads area of Lexington?

Is there a reputable property manager in that area? Real estate agent that you would recommend? Contractor? Inspector?

Investor from Lexington, South Carolina

replied about 2 years ago

So sorry I'm this late to your post. I gotta get better about my key word response times. Anyways, I'm an investor and agent in this area. I live in Lexington and love it. As mentioned above, I also avoid 29203. Ive looked at white horse and cross hill in the past and wrote it down as a "no go" zone as well.

from Johnston, South Carolina

Real Estate Agent from Columbia, South Carolina

replied almost 2 years ago

Pete

West Columbia just came out of a decades-long snooze and the area is being taken seriously as a place to invest. Prices are reasonable now but probably will not stay that way for long.There is a lot of development and money being thrown around that it doesn't look like a bubble. It is genuine change.

from Johnston, South Carolina

replied almost 2 years ago

@ Matthew Be warned. If you are out of state and not living in the rental the property tax is much higher (6%). I talked to the Lexington County Tax office and they confirmed it. However, they could not confirm if the tax assessment is based off of the sales price or a county appraisal. So, budget that current taxes may double or triple.